"Designing Growth Strategies is in our DNA"
The U.S. anti-obesity drugs market size was worth USD 2.70 billion in 2023 and is projected to grow at a CAGR of 26.2% during the forecast period.
Obesity is a disorder involving excessive body fat that increases the risks of health problems. It increases the risk of several debilitating diseases such as diabetes, heart disease, and some cancers. Obesity results from inherited, physiological, and environmental factors. The prevalence of obesity has increased due to sedentary lifestyles and unhealthy diets.
According to data published by the Centers for Disease Control and Prevention (CDC) in 2022, all 50 states of the U.S. have an obesity rate of over 20%. It was further estimated that a little over 42% of American adults have obesity, while about 30.7% are overweight. Overall, more than two-thirds of the U.S. adults are overweight or have obesity.
However, it has been observed that the U.S. tend to implement awareness programs and campaigns to educate people about healthy lifestyles. Increasing awareness will encourage the patient population to seek medical treatment. This will drive the demand for effective therapeutic measures such as anti-obesity drugs.
The outbreak of COVID-19 negatively impacted the anti-obesity drugs market growth due to a decline in the number of hospital visits. However, the adoption of telemedicine and the increased procurement of these medications through online pharmacies helped minimize the negative impact on the market.
Increased Usage of Existing Diabetes Drugs as Weight Loss Medications
One of the prevailing trends witnessed in the U.S. anti-obesity drugs market is that several medications used for diabetes treatment are currently being considered for the treatment of obesity. Some medications that help manage diabetes are also helping with weight loss or help with weight loss alone. These medications suppress appetite, prevent overeating, and inhibit fat absorption by increasing energy consumption, which helps in weight loss.
Increasing Prevalence of Comorbidities to Drive the Adoption Rate of Anti-obesity Drugs
There is a strong relationship between the comorbidities and obesity. These comorbidities include insulin resistance, glucose intolerance, hypertension, sleep apnea, diabetes mellitus, arthritis, gall bladder diseases, and certain type of cancers. Moreover, the medications used to treat these comorbidities can have several side effects, among which weight gain is the most common.
Many medications commonly prescribed for diabetes, depression, and other chronic diseases have weight effects, leading to weight gain or loss. For example, drugs used to treat mental illness, particularly antipsychotic medications, antidepressants, anticonvulsants, glucocorticoids, and some drugs used to treat migraine, causes weight gain as a side effect. These agents also have peripheral metabolic effects that increase the risk of obesity-related complications. This led to an increase in the patient pool seeking obesity treatment. Further, this drives the demand for anti-obesity drugs as an effective therapeutic measure.
Request a Free sample to learn more about this report.
According to the Centers for Disease Control and Prevention (CDC) 2022 data, the prevalence of obesity was the highest in West Virginia (40.7%), followed by Alabama with 40.4%.
Stringent Regulatory Process May Limit the Market Growth
One of the substantial factors limiting the U.S. anti-obesity drugs market growth is the stringent guidelines associated with the regulatory process for novel anti-obesity drugs. As per the FDA approval process for obesity drugs, the risks and benefits of drugs are considered against three categories. These comprise against people who are obese with no other health consequences, against those who are obese and well, and against those who are obese and sick.
Such a complicated regulatory process limits the study population used for investigational drug clinical trials and impedes clinical studies. Such regulatory requirements prevent the market players from investing in drug development which may limit the market growth during the forecast period.
By type, the market is segmented into prescription drugs and over-the-counter (OTC) drugs.
The prescription drugs segment dominated the U.S. anti-obesity drugs market share in 2022. The dominance of this segment is attributed to the increasing number of people seeking treatment for weight loss and the availability of more prescription drugs than OTC drugs across the country.
Based on distribution channel, the U.S. market is segmented into hospital pharmacy and retail and online pharmacy.
The retail and online pharmacy segment held a dominant share of the U.S. market in 2022. The dominance of this segment is attributed to the increasing number of retail and online pharmacies across the country. These online platforms deliver the medication to the doorstep, making the procedure more affordable than in a hospital setting. This ease in accessibility and convenience is increasing the preference of the patient population for procuring medications through these platforms. These factors are contributing to the segment’s growth during the forecast period.
The market is consolidated and dominated by a few players. In the current scenario, Novo Nordisk A/S holds the apex position, owing to the strong sales performance exhibited by its anti-obesity drug Saxenda and Wegovy in the year 2022. GSK plc holds a considerable share in the U.S. market due to its over-the-counter offering drug named Alli.
Other key players included in the anti-obesity drugs industry are Novartis AG, VIVUS LLC., and Currax Pharmaceuticals LLC, and others. The companies are adopting strategic initiatives such as mergers and acquisitions to expand and establish their footprints in this market more firmly.
Some of the emerging players in this market include Lilly, Altimmune, Zealand Pharma, Hamni, Regor Therapeutics, Sciwind Biosciences, and vTv Therapeutics. These companies are actively investing in accelerating and supporting the development of their pipeline candidates to increase their share in the market.
An Infographic Representation of U.S. Anti-obesity Drugs Market
To get information on various segments, share your queries with us
The U.S. anti-obesity drugs market report provides a detailed analysis of the market. It focuses on key aspects such as the prevalence of obesity in the U.S. and pipeline analysis. In addition, it includes new product launches by key players, key industry developments, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 26.2% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
|
By Distribution Channel
|
Fortune Business Insights says that the U.S. market was worth USD 2.70 billion in 2023.
The market is expected to exhibit a CAGR of 26.2% during the forecast period (2022-2032).
By type, the prescription drugs accounted for a leading market share in 2022.
Novo Nordisk A/S and GSK plc are the top players in the market.
US +1 833 909 2966 ( Toll Free )